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GBP/AUD trades well above major resistance 2.100, jump till 2.140 is possible

Oct 14, 2015 05:49 am UTC| Technicals

GBP/AUD has broken minor resistance 2.100 and a jump till 2.140/2.155 is possible. It is currently trading at 2.1170. The pairs minor resistance is around 2.1200 and any break above would extend gains till...

FxWirePro: Chinese data weighs on Aussie, AUD/NZD hits fresh 4-month lows at 1.0814

Oct 14, 2015 05:24 am UTC| Technicals

A soft reading in Chinese inflation numbers on Wednesday added to concerns about deflationary pressures, kept the Aussies subdued The Asian indices also took another hit after the softer Chinese inflation print triggered...

FxWirePro: USD/CHF forms bullish BAT pattern, good to buy at dips

Oct 14, 2015 05:13 am UTC| Technicals

Harmonic pattern - Bullish BAT pattern Potential Reversal Zone (PRZ) - 0.9520 USD/CHF has retreated till 0.9554 after making a high of 0.9645 yesterday. It is currently trading at 0.9576. Short term trend is bullish as...

FxWirePro: USD/JPY extends range trade amid persisting risk-off moods

Oct 14, 2015 04:12 am UTC| Technicals

Yen bulls remain in control amid tepid Chinese data and sinking Asian indices, fuelling further risk-aversion Chinas September CPI missed forecasts at +1.6% y/y vs expected +1.8%, while PPI saw -5.9% y/y, in line with...

GBP/JPY forms Bullish Cypher pattern, good to buy at dips

Oct 14, 2015 03:59 am UTC| Technicals

Harmonic Pattern- Bullish Cypher pattern Potential Reversal Zone (PRZ) - 181.40 GBP/JPY has made a low of 181.84 and recovered from that level. till 183. It is currently trading at 182.88. Intraday minor...

FxWirePro: Buy USD/JPY around 119.60-65 with SL around 119.20 for the TP of 120.15/120.30

Oct 14, 2015 03:06 am UTC| Technicals

USD/JPY has made a low of 119.49 and slightly recovered from that level. Short term trend is bullish as long as support 119.20 holds Any break below 119.20 will drag the pair down till 118.60 level. On the higher...

FxWirePro: GBP/USD key resistance at 1.5316, downside prevails

Oct 13, 2015 15:11 pm UTC| Technicals

The cable has slipped back sharply in the European session after Britains CPI figures came negative, in the due course the pair has broken support level at 1.5263 and is approaching to test next support level at 1.5204. A...

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